BayoAA @andrewbayode
Global Citizen #ekiti, Engineering Pro., #Electricity, #Power generation, #Africa #Development, Avid road tripper, traveller, RT not endorsement Ontario, CA Joined February 2011-
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As a consumer, what’s your biggest concern with Electricity in Nigeria? One answer only - Power availability concerns - Reliability concerns - Power quality concerns - Rate (price) concerns
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Electricity is not an end. It is a key enabler and means to an end: Education, Healthcare, industrialization, agriculture, transportation, commerce, construction, Engineering, Science etc.
Africa has the largest untapped hydropower resources: 18.5GW stalled due to financing, 63.4GW awaiting for approval - 42% of the global hydropower projects awaiting approval. The potential is flowing but the money isn’t. @iha_org
Nigeria imported 1.7GW capacity of solar PV in 12 months. At 22% capacity factor, 375MW This is not just statistic but a signal….a signal of quiet quitting of the central grid
As soon as developmental plans are detangled from political tenure, there will be breakthrough in long-term infrastructural development. Projects will be completed and new one will be initiated irrespective of term limits.
What powered the world in 2024? Fossil fuel - 87% Nuclear - 6% Hydro - 3% Renewables - 7%
Power project bankability issues -Poor credit & no govt guarantee -Grid & curtailment risks -Law & regulatory change -Contract termination or political force majeure risks -FX and offshore transfers uncertainty -Poor arbitration mechanism No lender will dabble into these waters
Omo taa ko lo ma ko ile ti a ko ta!!!!! Help me translate that.
To become an economic powerhouse, Nigeria must first power its house and industries…..No watts, No wealth!
As it is today, there is nothing like “state electricity market”. What exists today are only state electricity frameworks and budding systems…..no market yet.
A Chinese petroleum company with no track record or online traceability wants to invest $60B in high speed rail in Nigeria….save this post for same date, 2030. punchng.com/fg-firms-to-bu…
1.04M km of road vs 0.2M km. Labour rate 10:1. This here is what happens when we normalize abnormality. Let’s keep looking for excuses!
1.04M km of road vs 0.2M km. Labour rate 10:1. This here is what happens when we normalize abnormality. Let’s keep looking for excuses!
The rich is paying lifeline electricity rate of 4NGN/kWh while some real “life-liners” are paying 50X. EERC unearthed this and they deserve their accolade. Bravo! How many more is out there….these are the inefficiencies that needs to be rooted out of the NESI.
I posit that electricity subsidy will be on till 2027 but not after. The harsh economic impact, high political cost, governance complexity of electricity and accumulating debt all support my position.
In Nigeria, Electricity accessibility is about 65% but ~20% of this people with accessibility lack availability! Many towns and villages are electricity “dead zones”, only wires but to energy!
BayoAA retweeted
The English language... Oh my gosh, I can't stop laughing. My gut hurts !!! 😅🤣😂😂🤣🤣😅
22 inter-regional electricity transmission projects in Africa. The actualization of these inter-regional electricity transmission systems is a key tenet to electricity democratization and sustainability in Africa. (UNECE)
BayoAA retweeted
China is testing a vacuum high-speed train that can travel over 1,000 km/h. This ultra-fast vacuum tube magnetic levitation system could reduce the travel time between Shanghai and Hangzhou (distance: 200 km) to just 9 minutes.
Now that FG is clearing legacy debt, what is the plan to ensure self-sustainability after this payment?
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